Drew Bell | Bell Properties - My Home Group

Drew Bell

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail	Assumable Loan Assumable · FHA	Assumable Loan + Second Assumable · FHA	Current Market Conventional New · Conventional
Loan amount	$333,141	$333,141	$390,600
Remaining term (yrs)	27.8	27.8	30.0
Secondary amount	$0	$57,459	$0
Funding fee	$0	$0	$0
Note rate	6.950%	6.950%	7.400%
Blended rate	7.500%	7.721%	7.640%
1st payment	$2,255.28	$2,255.28	$2,704.44
2nd payment	$0.00	$430.95	$0.00
Taxes / mo	$86.33	$86.33	$86.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$156.16	$156.16	$78.12
HOA / mo	$75.00	$75.00	$75.00
Total monthly	$2,722.77	$3,153.72	$3,093.89
Cash to close	$100,859	$43,400	$43,400